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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Operating revenue $ 986,495 $ 1,040,462 $ 1,985,988 $ 2,192,727
Operating expenses:        
Purchased transportation and warehousing 727,236 763,609 1,467,408 1,630,540
Salaries and benefits 141,856 141,823 286,352 279,254
Depreciation and amortization 37,772 35,386 76,103 70,835
Insurance and claims 12,639 11,676 25,257 24,359
General and administrative 27,877 26,757 55,111 52,298
Gain on sale of assets, net (413) (859) (910) (4,834)
Total operating expenses 946,967 978,392 1,909,321 2,052,452
Operating income 39,528 62,070 76,667 140,275
Other income (expense):        
Interest expense (3,689) (3,116) (7,588) (6,086)
Interest income 1,808 2,087 3,201 3,463
Other, net (66) 69 (236) 108
Total other expense, net (1,947) (960) (4,623) (2,515)
Income before provision for income taxes 37,581 61,110 72,044 137,760
Provision for income taxes 8,566 14,605 15,976 29,475
Net income 29,015 46,505 56,068 108,285
Other comprehensive income:        
Foreign currency translation adjustments (63) 44 (71) 78
Total comprehensive income $ 28,952 $ 46,549 $ 55,998 $ 108,363
Basic earnings per common share $ 0.48 $ 0.73 $ 0.92 $ 1.68
Diluted earnings per common share $ 0.47 $ 0.72 $ 0.91 $ 1.66
Basic weighted average number of shares outstanding 60,710 64,074 61,018 64,586
Diluted weighted average number of shares outstanding 61,108 64,586 61,387 65,132